Welcome to www.chinatrucks.com


China's Truck Export Rose by 33% to 99547 Units in Q1, 2021


Customs data show that China’s truck exports were up 33% to nearly 100000 units in the first quarter of 2022, which is much better when compared to the overall truck market.

Truck exports were up 33% in Q1, 2022

Table: Comparasion between truck export market and overall truck market in Q1, 2022

From the table above, it can be seen that the truck export market grew by 33% year-on-year in Q1, 2022, far beyond the overall truck market which went down by 32.8 percent. In terms of market share, the volume of exports also increased by 5.85 percentage points to 11.4% as compared to the same period last year.

Based on the customs data, significant changes have taken place in China’s truck export in recent years as below.

The YOY export growth in Q1, 2022 went far beyond the overall market, becoming a backbone for curbing the overall market downturn. As seen from the table above, China’s truck exports for the first quarter reached 99547 units with a year-on-year growth of 33 percent, the second highest over the past five years.

Among the segments exported, light-duty truck accounted for up to 70 percent of the total volume, followed by heavy-duty truck and medium-size truck. What is the reason for its strong performance?

Firstly, the epidemic has taken a turn for the better in some countries and the road logistics market and infrastructure projects have resumed, bringing back demand for trucks.

Secondly, China trucks, notably light trucks, have already been favored by customers from Chile in South America, Vietnam in Asia and Australia in Australia and other exporting countries, for their uncompromising quality and affordable price.

Quantity and proportion of each segment by tons in Q1, 2022

Vehicles with weight less than or equal to 5 tons accounted for the largest share of 69.6 percent. This indicated that the global demand for light-duty trucks is increasing because they are mostly used in logistics and delivery sectors.

Heavy-duty trucks (including vehicles weighing 14 tons or more) ranked the second with a market share of 16.2 percent, with the majority of the vehicles operating as long-haul road freight trucks or express trucks.

Medium trucks (vehicles weighing less than or equal to 14 tons greater than 5 tons) came to the third place, representing 11.31 percent of the exported vehicles. Most of them were used as special-purpose vehicles for logistics and sanitation vehicles.

Others mainly referred to special vehicles, which got the least share of 3.29 percent.

The majority of trucks exported are diesel-powered.

Table: Export volume and share by fuel type

As seen in the above table, 67,066 diesel trucks were exported in the first quarter of 2022, accounting for nearly 67.37% of the total exports of trucks. They are followed by petrol-fuelled trucks with 29,025 units exported, accounting for 29.16% of the total, followed by purely electric trucks with 751 units exported, accounting for 0.75% of the total, and plug-in hybrid truck has the lowest number of exports, only 32, accounting for a negligible 0.032%. There were 2,493 exported trucks with a power type not yet known, representing 2.5%.

In this way, it seems that diesel-powered trucks are still the most favored in overseas countries; while new energy trucks, including pure electric and plug-in hybrid, are still relatively few, indicating that new energy trucks are not widely promoted in the current overseas market.

Quantity, proportion and market share of TOP10 exporting countries

In Q1, 2022, the top ten countries and regions to which Chinese trucks were exported included:

Chile is the country with the largest number of trucks imported from China, and the only one to exceed 15000 units (a 79% jump year-on-year), with a market share of 15.57%. This is something China trucks depend on for a significant increase in Q1, 2022.

The second highest export destination country is Mexico, which imported 8126 units, with the highest increase of 648% YOY and market share of 8.16%.

Vietnam has the third-largest number, with an export volume of 7218 units, representing a year-on-year increase of 10% and a market share of 7,25%.

Australia has the fourth-largest number, with an export volume of 5138 units, representing a market share of 5.16% and down 8% YOY. This country saw the second largest year-on-year decline in the top 10 exporters (the first was Peru in Latin America, down 12%).

The Philippines has the fifth-largest number, with an export volume of 5029 units, up 23% year-on-year, and a market share of 5.05%. The country is also the second largest export destination country for China trucks in Asia.

Ecuador ranked in the sixth place with a market share of 4.58%, to which 4564 China trucks were imported, up 76% year-on-year.

Saudi Arabia comes to the seventh place, to which 4344 China trucks were imported, with a 97% jump year-on-year and a market share of 4.36%.

The eighth place went to Colombia, to which 3973 China trucks were imported, with 41% increase year-on-year and a market share of 3.99%.

Russia ranked in the ninth place and imported 3877 trucks from China, up 391% year-on-year and accounting for 3.89% of the total market share.

Peru ranked in the tenth place and imported 3375 units from China, up 12% year-on-year and accounting for 3.39% of the total.

Overall, the TOP10 export destination countries have all registered a year-on-year growth, with Mexico seeing the largest growth. The TOP10 export destination countries together accounted for a market share of 62%. At present, China trucks are mainly exported to economically underdeveloped countries and regions. While in the developed European countries, China trucks still do not have a competitive advantage.

The "Belt and Road" and countries along the route are the main position of China's truck exports

Table: Statistics on Export Share of countries along the proposed Belt and Road routes in the Last 7 Years (Based on Customs Data)

From the above table, we can see that in the past seven years, countries along the proposed Belt and Road routes are the main markets for Chinese truck exports, and its proportion is increasing year by year, reaching 61.9% in Q1, 2022.

Related China Trucks News
Hot News
Recommended Brands[more]
Recommended Trucks[more]
China Truck Statistics
京ICP备09021066号-10Public security record numberPublic security record number:11010502036076